More New and Used
from Private Sellers
In Stock Usually Ships in 24-48 Hours
Starting at $6.45
Questions About This Book?
Why should I rent this book?
Renting is easy, fast, and cheap! Renting from eCampus.com can save you hundreds of dollars compared to the cost of new or used books each semester. At the end of the semester, simply ship the book back to us with a free UPS shipping label! No need to worry about selling it back.
How do rental returns work?
Returning books is as easy as possible. As your rental due date approaches, we will email you several courtesy reminders. When you are ready to return, you can print a free UPS shipping label from our website at any time. Then, just return the book to your UPS driver or any staffed UPS location. You can even use the same box we shipped it in!
What version or edition is this?
This is the edition with a publication date of 4/4/2013.
What is included with this book?
- The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any CDs, lab manuals, study guides, etc.
- The Rental copy of this book is not guaranteed to include any supplemental materials. You may receive a brand new copy, but typically, only the book itself.
In just over three years, real estate giant Tishman Speyer and its partner, BlackRock, lost billions of investors' dollars on a single deal. The New York Timesreporter who first broke the story of MetLife's sale of Stuyvesant Town-Peter-Cooper Village to Tishman Speyer takes readers inside the most spectacular failure in real estate history, using this single deal as a lens to see how and why the real estate crisis happened. How did the smartest people in real estate lose billions in one single deal? How did the Church of England, the California teachers' pension fund, and the government of Singapore lose a combined one billion dollars of that investment? How did MetLife make three billion dollars on the deal, without any repercussions from a historically racist policy of housing segregation? And how did eight middle-class residents of a sleepy enclave in New York City win the most unlikely lawsuit in the history of real estate law? Other People's Moneyanswers those questions while not only explaining the current recession in stark, clear detail, but also providing riveting, first-person accounts of the titanic failure of the real estate industry to see that recession was coming. It's the Too Big to Failof real estate. In 2006, Tishman Speyer and BlackRock paid $5.4 billion for Peter Cooper Village and Stuyvesant Town, an eighty-acre middle-class housing complex in New York City. It was the largest deal in US real estate history. And on January 8, 2010, Tishman Speyer defaulted, with investors losing everything. Charles Bagli covered the story for The New York Timesas it happened and has turned his investigation into the definitive book on real estate during the bubble years-and what happened when that enormous bubble exploded.
CHARLES V. BAGLI covers the intersection of politics and real estate at The New York Times. He was ranked the sixty-first most powerful person in real estate by The New York Observer in 2010. He lives in New Jersey with his wife. They have two daughters.